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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TU
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Green day on Friday for TELUS Corporation
(Updated on May 03, 2024)

Buy candidate since May 01, 2024 Gain 0.92% PDF

The TELUS Corporation stock price gained 0.0611% on the last trading day (Friday, 3rd May 2024), rising from $16.37 to $16.38. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.56% from a day low at $16.34 to a day high of $16.59. The price has risen in 7 of the last 10 days and is up by 2.89% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 109 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $36.47 million.

Given the current short-term trend, the stock is expected to fall -11.30% during the next 3 months and, with a 90% probability hold a price between $13.52 and $14.53 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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TU Signals & Forecast

Mostly positive signals in the chart today. The TELUS Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $16.19 and $16.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.46%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for TELUS Corporation stock

TELUS Corporation finds support from accumulated volume at $15.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.255 between high and low, or 1.56%. For the last week the stock has had daily average volatility of 1.77%.

The TELUS Corporation stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $15.58 (-4.86%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (TU) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect TELUS Corporation to open at $16.44, and during the day (based on 14 day Average True Range), to move between $16.08 and $16.68, which gives a possible trading interval of +/-$0.296 (+/-1.81%) up or down from last closing price. If TELUS Corporation takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.50 (0.73%) than the support at $15.94 (2.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is TELUS Corporation stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.846 Buy Candidate Unchanged

Predicted Opening Price for TELUS Corporation of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$16.44 ( 0.336%) $16.38

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TU

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.69 1.89 %
R2 16.59 1.30 %
R1 16.53 0.93 %
Current price: 16.38
Support S1 16.34 -0.259 %
S2 16.28 -0.626 %
S3 16.18 -1.22 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 17.56 7.20 %
R2 16.56 1.10 %
R1 16.50 0.733 %
Current price 16.38
Support S1 15.94 -2.69%
S2 15.91 -2.87%
S3 15.89 -2.99%

TU Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 08, 2024 Mar 08, 2024 Apr 01, 2024 $0.279 1.76%
2 Nov 03, 2023 Dec 08, 2023 Jan 02, 2024 $0.270 1.51%
3 Aug 04, 2023 Sep 07, 2023 Oct 02, 2023 $0.274 1.75%
4 May 04, 2023 Jun 08, 2023 Jul 04, 2023 $0.272 1.39%
5 Feb 09, 2023 Mar 09, 2023 Apr 03, 2023 $0.255 1.27%

FAQ

What is the symbol for TELUS Corporation Stock and on which exchange is it traded?
The symbol for TELUS Corporation is TU and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell TELUS Corporation Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy TELUS Corporation Stock?
TELUS Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy TELUS Corporation Stock.

What's the current price of TELUS Corporation Stock?
As of the end of day on the May 03, 2024, the price of an TELUS Corporation (TU) share was $16.38.

What is the 52-week high and low for TELUS Corporation Stock?
The 52-week high for TELUS Corporation Stock is $21.08 and the 52-week low is $15.35.

What is the market capitalization of TELUS Corporation Stock?
As of the May 03, 2024, the market capitalization of TELUS Corporation is 24.028B.

When is the next earnings date for TELUS Corporation?
The upcoming earnings date for TELUS Corporation is Aug 02, 2024.
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About TELUS Corporation

TELUS TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network revenue; mobile technologies equipment sale; data revenues, such as internet protocol; television; hosting, m... TU Profile

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